HOUSTON—Valve manufacturers ValvTechnologies and Severn Glocon have agreed to collaborate in an effort to expand their business opportunities in the global marketplace.
The deal, subject to regulatory approval in the U.S., is backed by energy private equity firm Bluewater and seeks to expand the reach of the companies’ complementary capabilities in the high-end, severe-service valve market.
U.K.-based Severn specializes in control, choke and small-bore subsea valves. Headquartered in Houston-based ValvTechnologies designs and manufactures metal-seated, zero-leakage, severe-service valve solutions for the harshest applications.
“Both Severn and ValvTechnologies have a long history of mutual respect,” said Kevin Hunt, ValvTechnologies president, in a statement. “Now, working more closely together, we can provide a broader range of engineered solutions to the severe-service marketplace. That’s great news for our customers.”
Steve Waugh, chairman of Severn, added: “Each company has been founded on technical prowess and commitment to innovation. Through this new combined force for the global valve market, we believe we will provide an enviable range of solutions and services in our industries.”
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